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Inside Take: More to the BofA MSR sale story?

January 3, 2013

By Paul Muolo / pmuolo@imfpubs.com

Inside Mortgage Finance's story on Bank of America scuttling its sale of $14 billion of high-touch mortgage servicing rights garnered quite a bit of interest from readers on Thursday, and brought in several new leads.

Although the bank, as a policy, does not discuss sale rumors, we heard renewed talk that BofA was contemplating the sale of $100 billion in MSRs at some point late last year. We'll be updating the story as part of IMF's Friday 'What We're Hearing' column…

Meanwhile, by January 9 or so, the Consumer Financial Protection Bureau’s (somewhat) final rule on Qualified Mortgages should leak out. For more information contact: tressler@imfpubs.com...

 

 

Poll

Does your lending shop have any plans to make non-jumbo, non-QM loans this year? These would be loans similar to "Alt A" and subprime products made BEFORE standards were loosened severely in the 2004 to 2007 era.

Yes.

33%

No.

33%

It’s under consideration, maybe by 3Q or 4Q.

26%

We were going to until the TRID "error" mess hit.

7%

Housing Pulse